Loan Termination Insurance

Sometimes events out of our control can change our financial situation drastically. Sickness, Accident or even the loss of employment can make it difficult to maintain the current loan repayments.

 

For some the only option is to hand the goods back to the dealer to try and clear the debt.        

Often the value of the goods has depreciated quicker than the loan balance and there is a subsequent shortfall or balance that must be paid to the bank.

Loan Termination Insurance gives you the peace of mind knowing that should an event happen and the goods are handed back to the dealer, it will provide coverage of up to $15000 to help in clearing the loan balance.

This simple and easy product can help customers in an otherwise very stressful time in their lives.

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Loan Termination Cover is suitable for:

  • Trauma

 

  • Disability

 

  • Involuntary Unemployment

 

  • Divorce

 

  • Personal Bankruptcy (For Self Employed)

 

 

You can bundle your Loan Termination premium with your approved loan repayments.

Covers available to suit Car Loans, Motorbike Loans, Boat Loans, Caravan and Campervan Loans.

 

To Find out more about Loan Termination Insurance, get in touch with us to discuss your available options.

Contact Us  or call 1300 350 118.

 

*To view the full terms, conditions and exclusions which apply to this insurance cover, please contact our staff for a full Product Disclosure Statement

 

iCredit’s services cover areas including Gold Coast |  Brisbane | QLD | NSW | ACT | VIC | TAS | SA | WA | NT